Economics Benchmarks 2023 report – tentative steps on AI

The benchmarks show some small steps to increase AI use, and shed light on broader reforms to modelling, governance and more

View a printable version of this report in PDF format

Central bank economics departments continue to face enormous challenges. The immediate shocks from the pandemic and Russia’s invasion of Ukraine may have passed, but central banks must now navigate the turbulent aftermath. As economies begin to return to a semblance of normality, uncertainty remains high.

Benchmarking data shows inflation forecast errors have fallen, after forecasts went off target during the 2022 spike in inflation. Indeed

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